Friday, January 11, 2008
National's ACC policies just a ploy to grab ACC's $6 billion reserves...
The decision by National for compulsory competition from foreign insurance companies in the accident insurance area, if New Zealand is unfortunate and stupid enough to allow the election of a fascist inclined government in November, is really just a ploy to allow National to get hold of ACC's Six billion dollar reserves.
Despite the bullying behaviour of longterm claimants by ACC, the scheme is still the best in the world in accident insurance compensation.
The real effect of such a policy would weaken ACC in the accident insurance market in New Zealand.